MAS Adds Bybit to Investor Alert List. Bybit seeks clarity

The Monetary Authority of Singapore (MAS) has added cryptocurrency exchange Bybit to its investor alert list, warning the public about potential risks associated with unregulated platforms.

Singapore Tightens Oversight on Crypto Platforms with New Alert

The alert list highlights entities that may be wrongly perceived as licensed or regulated. MAS emphasized that investors should exercise caution when dealing with such platforms, especially in the volatile crypto market.

Bybit seeks clarity

Experts say the move reflects growing regulatory scrutiny in the digital asset space. Increased oversight aims to protect investors while ensuring that only compliant and transparent platforms operate within Singapore’s financial ecosystem.

Bybit is reportedly seeking clarity from the Monetary Authority of Singapore (MAS) after the regulator placed the crypto exchange on its Investor Alert List.

Bybit stated in a post on X that it is aware of its inclusion on the list and is engaging MAS to better understand the basis for the listing.

The company added that it has maintained measures to prevent access by Singapore users, including restrictions in its Terms of Service and geo-blocking of Singapore IP addresses.